Job Description

Position Title: Business Development Executive/Sr. Business Development Executive Function: 'Bancassurance Channel- Bank' Objectives : To Develop the Bancassurance at Bank in the Territory Responsibility / KPIs: 1. Channel Management ⨀ Responsible for driving business from Standard Chartered/ HSBC Bank Mapped channels ( Branch, Motor loan, Business banking and Assets) ⨀ Training & development of Bank officials to facilitate & drive business within the region. ⨀ Monitoring & motivating the bank team, to attain business targets. ⨀ Time-bound commitment & accomplishment of business targets, as assigned by the manager. ⨀ Ensuring high productivity ⨀ Monitoring channel -Renewal/Fresh Database, Funnel, and Closures. 2. Channel Servicing ⨀ Prompt Delivery on communication, Quotes, Policies, Claim Servicing, etc. to the Bank ⨀ Ensuring all process are followed to the core ⨀ Managing and Controlling the Manual CN process as per the rules laid down ⨀ Collection and control of receivables ⨀ Reconciliation of partner accounts and coordination with all departments for the same. 3. Profitability ⨀ To execute underwriting policies and provide feedback for improvement of the same. ⨀ Management of Loss Ratios 4. Compliance ⨀ Ensure compliance with the regulatory requirements of IRDA and other authorities. ⨀ Ensure Compliance with Internal Norms Skills & Experience required: ⨀ Should have hands-on experience in servicing of banks. ⨀ Should have strong knowledge & business relations in the region ⨀ Should be a go-getter & Self Motivator ⨀ Should have strong Marketing & Negotiation skills ⨀ Should have Excellent Communication Skills & a team player ⨀ Minimum 1-4 yrs of Marketing experience in the General Insurance Industry Qualification: Graduate is a must & MBA is preferable